Practical analysis for investment professionals

Alternative Investments


Blockchain and DeFI: Drivers of Change in Asset Management

“We’re still in the very early days of DeFi,” Mona El Isa says. “But this time is much more exciting. We’re seeing real usage and traction."

Permanent Capital: The Holy Grail of Private Markets

The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.

In Memoriam: David Swensen

With David Swensen's passing, the financial community has lost one of the most important investors of modern times.

SPACs: An Uncorrelated Asset Class?

Do special-purpose acquisition companies (SPACs) offer any diversification benefits?

The Short, the Index, and the Private Markets

There is no valid benchmark for the unlisted private equity sector. That needs to change.

Aswath Damodaran on the COVID Crucible: A Play in Three Acts

"In most crises, young companies suffer at the expense of old companies, risk-on companies get hurt more than risk-off companies," Aswath Damodaran said. "This crisis seems to have flipped the script."

Myth-Busting: Low Rates Don’t Justify High Valuations

Lower interest rates may not, in fact, lead to higher P/E ratios.

Myths of Private Equity Performance: Part IV

PE results can neither be benchmarked reliably nor delivered consistently.

Gold $3,000?

What happened to the negative correlation between the price of gold and the US dollar?

Top 10 Posts from 2020: COVID-19, The Silent Depression, Damodaran

What Enterprising Investor articles most resonated with readers in 2020?



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